Question

A liquidator is appointed by

• A. Government
• B. Board of Directors
• C. Registrar
• D. Members

Answer 1

Answer:

C. Registrar

In India, the Central Government appoints liquidators under the Companies Act, 1956 and the India Code: 

• Official Liquidators

  The Central Government appoints Official Liquidators as Junior Administrative Grade level officers in the Indian Company Law Service (ICLS). They are attached to various High Courts and are under the administrative charge of the Regional Directors. 

• Court Liquidators

  The Central Government appoints Court Liquidators to be attached to every High Court. They conduct proceedings for the winding up of banking companies. 

• Joint, Deputy, or Assistant Official Liquidators

  The Central Government can appoint as many of these as it considers necessary. They are whole-time officers of the Central Government